Ahead of the July 9 expiry of a 90-day tariff freeze, former US President Donald Trump said 12 countries will receive tariff letters starting Monday. These letters will detail new reciprocal tariffs, some reportedly as high as 70%, and take effect from August 1, 2025. The announcement comes as India and the US struggle to finalise a trade deal amid rising global trade tensions.
BulletsIn
- Trump to send tariff letters to 12 countries from Monday
- Tariffs up to 70% may apply from August 1, 2025
- India-US trade deal still pending; India refuses deadline-driven deals
- Letters carry ‘take it or leave it’ terms, per Trump
- Names of countries not disclosed; will be revealed Monday
- July 9 marks end of 90-day tariff suspension for talks
- Trump says sending letters is “easier than negotiations”
- April plan had 10% baseline tariff; higher rates for some
- Only UK and Vietnam trade deals concluded so far
- EU talks stalled; India trade deal remains incomplete




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